In the property industry there is a trend of people borrowing large sums of money and then not paying it back. These people often have assets bought with borrowed money and some demonstrable project success meaning that they are put on a pedestal by others, attracting more loans.By sleight of hand restructuring, or excuse after excuse disguised as legitimate reasons they delay repayment.

You must not accept excuses, if your money is overdue or you fear that you have lost it, then the best way to get a reaction is usually to serve a Statutory Demand (Stat Demand).

Anyone who’s owed money can make a statutory demand and you don’t need a solicitor.

If you are not sure of anything then I recommend that you instruct a Property Solicitor and benefit from the protection offered by their personalised advice and indemnity insurance. Please let me know if you have any questions and get in touchif you need clarity on any points.